Jun 25, 2022 11:36 AM (GMT+8) · EqualOcean
[View: the discount of GBTC has rebounded to 29%, or it is a sign that stock traders buy bitcoin at a discount price] according to the golden financial report, a key indicator known as "gray discount" in the cryptocurrency market is shrinking, which may be an optimistic sign for some traders, because the deadline for the US Securities and Exchange Commission to make a ruling on the proposal to convert gray bitcoin trust into exchange traded fund is coming. According to skew, the recent trading price of GBTC shares is 29% lower than that of bitcoin. This is down from 34% last week. Since February 2021, the stock has been trading at a discount; Previously, the trading price of the stock was higher than that of bitcoin. This may be a sign that stock traders buy bitcoin at a discount, or a sign that traders believe that the conversion will be approved. Or it may indicate that the fear of a more serious liquidity crisis for the entire encryption industry may have passed. (Coindesk)